PitchBook has published its 2022 annual European VC Valuations Report. As we have earlier written, 2022 saw a high deal flow across sectors, which overall have been matched by high valuations, although not as high as the peaks of 2021.
A key trend to highlight from the report is that Q4 2022 saw a decrease in average valuation compared to the rest of 2022, with early signs coming to light in H2 2022. Especially late-stage startups are hit by this trend, as less-developed startups seem shielded, likely due to investors focusing on long-term growth here rather than with later-stage startups.
Read the full report here.
